Business

Why are investors so desperate for a Bolsonaro win?

Why are markets so desperate for a Bolsonaro win

All polls in the second round showed far-right presidential candidate Jair Bolsonaro having a comfortable lead over Workers’ Party’s candidate Fernando Haddad. The belief that nothing could take Mr. Bolsonaro’s win away from him has excited investors and international markets. Between the first and second rounds, the São Paulo stock market gained 4.13 percent, while the Brazilian Real rose 5.27 percent – this, despite a tough international scenario, where emerging currencies are struggling.